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Wednesday, 26 June 19
SHIPPING MARKET INSIGHT - INTERMODAL
 As the first half of the year is almost over, it is worth looking back at the sale and purchase activity during these months, focusing on the segments that proved to be the most popular as well as on which Buyers were the most active.
On the dry bulk side and more specifically in the deadweight range from Handysize up to Cape, we have on record more than 230 sales since the beginning of the year, with Greek and Chinese buyers dominating activity. Chinese buyers have been focusing more on vessels built during 2000-2005, although there has been some considerable interest for modern vessels as well, while Greek buyers were mainly looking at modern tonnage from five up to twelve years.
During the past three months we have seen more than 50 vessels – mainly Handymax, Supramax and Panamax- built during 1997-2005 ending up in Chinese hands. Candidates built between 2000 and 2004 witnessed the most substantial pressure on prices. The reason why values for 15-year old and 20-year old vessels were the ones facing the biggest discounts was due to the fact that there was an oversupply of such vessels in the market, with most owners deciding to sell at best ahead of the respective Special Survey and Dry Docking.
As far as younger vessels are concerned, we saw a number of candidates being withdrawn from the market due to the substantial gap between Sellers’ and Buyers’ ideas. Indeed, we saw a number of Japanese owners that are traditionally considered firm Sellers, who instead of selling at a discount to the last done, they have maintained their price ideas waiting for a market recovery that would eventually result in higher bids from Buyers that are currently reluctant to pay the premium.
On the tanker side, we have seen a substantially smaller number of vessels changing hands since the beginning of the year compared to bulkers. In around 150 sales that we have on record since January, we see that focus has been mainly on vessels of 10 years or younger with the freight market, which resisted much better to pressure compared to dry bulkers at most times, giving more confidence to buyers that supported asset prices as a result. Additionally we could say that price ideas were in line with the market, while most of the candidate vessels have seen substantial interest in the market.
Two representative examples of this trend is a recent 5-year MR candidate that was inspected by five buyers, as well as a 10-year old Aframax that received interest by more than six different parties. At the same time older tankers, built between 2003 and 2007 are also receiving fair interest, with around 70 sales on record since the start of the year.
By George Iliopoulos
SnP Broker
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms Eva Tzima
Mr.George Panagopoulos
Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no reproducing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
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Monday, 09 September 19
ULTRAMAX: ASIA A 58,000-TONNER FIXED DELIVERY FUZHOU, VIA INDONESIA, REDELIVERY CHINA, AT $12,800
Capesize
0px The market reached new heights this week as the 5TC topped $38,014, a level not seen in the sector since 2013. Fridays 5TC closed ...
Wednesday, 04 September 19
SHIPPING MARKET INSIGHT - INTERMODAL
For yet another time, the market seems to have its own drivers. After a very disappointing first half, the recent recovery in the shipping market i ...
Tuesday, 20 August 19
NORDEN HAS BEEN AWARDED A 3-YEAR CONTRACT FOR THE TRANSPORTATION OF COAL FROM INDONESIA TO HONG KONG
NORDEN has been awarded a 3-year contract with a power company in Hong Kong for the transportation of coal from Indonesia to Hong Kong.
...
Tuesday, 20 August 19
THE AUGUST 2019 INDONESIAN COAL PRICE REFERENCE POSTS THE FIRST MONTHLY GAIN SINCE AUGUST 2018
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...
Monday, 19 August 19
INDONESIAN COAL RUNS, A 82,000DWT SHIP WAS FIXED DELIVERY CHINA VIA INDONESIA, REDELIVERY JAPAN, IN THE MID $16,000S - BALTIC BRIEFING
Capesize
The Capesize market was buoyant in both basins this week, posting gains across the board. After bottoming out the previous week, rates ...
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Showing 1346 to 1350 news of total 6871 |
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- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Dalmia Cement Bharat India
- The University of Queensland
- London Commodity Brokers - England
- Economic Council, Georgia
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Minerals Council of Australia
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Australian Coal Association
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Global Business Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bukit Baiduri Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Parliament of New Zealand
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
- Grasim Industreis Ltd - India
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
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